Bloomberg Goldman Sachs Group Inc. was denounced by the head of Venezuela’s legislature over a report that the bank bought $2.8 billion of bonds from that country, potentially helping President Nicolas Maduro’s administration amid accusations of human-rights violations. The investment bank’s asset management arm paid about $865 million, or 31 cents on the dollar, for bonds issued in 2014 by …

Abu Dhabi / Emirates Business Al Hilal Bank was awarded two awards including the Best New Loyalty Program for its Joud Rewards Program and Best Innovative Banking Services Award for its EIDA Card by Banker Middle East UAE Product Awards. Alex Coelho, the Chief Executive Officer of Al Hilal Bank said: “It is our mandate to maintain the highest levels …

DUBAI / Reuters Saudi Arabian lender Alawwal Bank, 40 percent owned by Royal Bank of Scotland, has picked JPMorgan to advise it on a proposed merger with Saudi British Bank (SABB), sources familiar with the matter said. Senior management of SABB and Alawwal held talks with advisers to discuss the principle of the merger and timeframe for its completion, one …